Mn Services Vermogensbeheer B.V. Sells 26,100 Shares of Regions Financial Co. (NYSE:RF)

Mn Services Vermogensbeheer B.V. lowered its stake in shares of Regions Financial Co. (NYSE:RF) by 7.2% during the first quarter, HoldingsChannel reports. The firm owned 336,505 shares of the bank’s stock after selling 26,100 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in Regions Financial were worth $7,312,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Sierra Ocean LLC bought a new stake in shares of Regions Financial during the 4th quarter worth approximately $28,000. Picton Mahoney Asset Management raised its stake in shares of Regions Financial by 2,354.9% during the 4th quarter. Picton Mahoney Asset Management now owns 1,252 shares of the bank’s stock worth $29,000 after purchasing an additional 1,201 shares in the last quarter. Millstone Evans Group LLC bought a new stake in shares of Regions Financial during the 4th quarter worth approximately $32,000. Creative Capital Management Investments LLC bought a new stake in Regions Financial in the 4th quarter valued at $44,000. Finally, Allworth Financial LP raised its stake in Regions Financial by 36.4% in the 4th quarter. Allworth Financial LP now owns 2,560 shares of the bank’s stock valued at $62,000 after acquiring an additional 683 shares during the period. Institutional investors own 79.39% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on RF shares. Jefferies Financial Group started coverage on Regions Financial in a research note on Wednesday, May 21st. They issued a “hold” rating and a $24.00 price target on the stock. Keefe, Bruyette & Woods dropped their price target on Regions Financial from $28.00 to $26.00 and set an “outperform” rating on the stock in a research note on Monday, April 21st. Wall Street Zen upgraded Regions Financial from a “sell” rating to a “hold” rating in a research note on Sunday. JPMorgan Chase & Co. dropped their price target on Regions Financial from $26.00 to $23.00 and set a “neutral” rating on the stock in a research note on Thursday, April 3rd. Finally, Morgan Stanley dropped their price target on Regions Financial from $29.00 to $22.00 and set an “equal weight” rating on the stock in a research note on Monday, April 7th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $25.80.

Regions Financial Stock Performance

RF opened at $21.64 on Tuesday. The firm has a market cap of $19.46 billion, a P/E ratio of 11.16, a price-to-earnings-growth ratio of 1.93 and a beta of 0.96. Regions Financial Co. has a 52-week low of $17.74 and a 52-week high of $27.96. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.83 and a current ratio of 0.84. The business’s fifty day moving average is $20.99 and its 200-day moving average is $22.56.

Regions Financial (NYSE:RF) last released its earnings results on Thursday, April 17th. The bank reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.03. The company had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.84 billion. Regions Financial had a return on equity of 12.83% and a net margin of 20.20%. During the same period in the prior year, the firm posted $0.37 EPS. Sell-side analysts expect that Regions Financial Co. will post 2.26 EPS for the current fiscal year.

Regions Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Friday, May 2nd will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 4.62%. The ex-dividend date of this dividend is Monday, June 2nd. Regions Financial’s dividend payout ratio (DPR) is currently 48.08%.

Regions Financial Company Profile

Regions Financial Corporation, a financial holding company, provides banking and bank-related services to individual and corporate customers. It operates through three segments: Corporate Bank, Consumer Bank, and Wealth Management. The Corporate Bank segment offers commercial banking services, such as commercial and industrial, commercial real estate, and investor real estate lending; equipment lease financing; deposit products; and securities underwriting and placement, loan syndication and placement, foreign exchange, derivatives, merger and acquisition, and other advisory services.